Description: Buy or deposit SUI for the opportunity to boost your rewards
Body:
There are multiple ways to put your idle assets to work in the Crypto.com App. The next time you’re waiting for a trading opportunity, try on-chain Staking – it lets you enjoy regular payouts with no staking limits. What’s more, you can unstake anytime once the activation period ends.
Currently, on-chain Staking supports over 15 tokens, including SUI, ETH, and CRO.
Thinking of giving it a shot? From now until 6 May, you can boost your SUI staking rewards by an extra 3% p.a. All you need to do is buy or deposit SUI and stake it!
Campaign Period: 22 April 2024, 10:00 UTC – 6 May 2024, 10:00 UTC
Perform at least US$100 worth of SUI Net Deposits* during the Campaign Period (Guide)
Stake any amount of SUI during the Campaign Period** and maintain your stake until 4 August 2024, 23:59 UTC
Each of the top 300 users ranked by SUI Net Deposits by the end of the Campaign Period will enjoy an extra 3% p.a. on their SUI stake in Step 3***, in addition to the rewards rate displayed in the Crypto.com App.
Rewards will be distributed to the recipients’ Crypto Wallet within 10 days after 4 August 2024, 23:59 UTC.
*‘Net Deposits’ as used herein means the total value of a user’s deposits and purchases of SUI tokens during the Campaign Period and can be expressed as follows: SUI Net Deposits = Deposits (SUI) From External Exchanges and Wallets + Buy (SUI) – Sells (SUI) – Withdrawals (SUI)
**The Qualifying Staked Amount is the lowest of the following four numbers: (1) Total Net Deposits during the Campaign Period, (2) Total SUI staked during the Campaign Period, (3) Average Daily Balance of SUI staked during 90 days post the Campaign Period, or (4) Maximum Qualifying Staked Amount stated below. The additional rewards will be calculated as 3% x (90 / 365) x Qualifying Staked Amount.
***The Maximum Qualifying Staked Amount is 2,900 SUI. Rewards will only be credited if the participant maintains their stake until 4 August 2024, 23:59 UTC. Terms and conditions apply.
Participation in the campaign is strictly optional.
The relevant Net Deposits’ exchange rate and Qualifying Staked Amount shall be as determined and calculated in Crypto.com’s sole and absolute discretion.
For the terms of the Campaign, please refer to the Official Rules of Limited Offer. Participation in this Campaign is also subject to the Crypto Earn Terms & Conditions and Privacy Notice.
The rewards will be distributed in a lump sum to eligible recipients in SUI tokens by 25 Aug 2024. Qualifying recipients must maintain stake in Qualifying Staking Duration.
The Campaign is offered by Crypto.com to Crypto.com App users who have successfully completed the identification process and all other onboarding procedures specified in the Crypto.com App by the end of the campaign period.
Crypto.com reserves the right to cancel the campaign or amend the campaign mechanics or rules at any time at our sole discretion.
By participating in the Campaign, participants acknowledge having read the Crypto.com Global Marketing Privacy Notice, which is published at https://crypto.com/privacy/marketing and understand that we may use their personal information for the purposes of identity verification, assessing their eligibility to participate in the campaign, and reward redemption.
In the event of any dispute, Crypto.com reserves the right to make all final decisions regarding the campaign.
Nothing contained herein shall be construed to be financial advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Crypto.com to invest, buy or sell any digital assets. Purchasing cryptocurrencies involves a high degree of risk, and there is always the possibility of loss, including the loss of all or a substantial amount of your purchase price. Please seek professional advice before making any financial, investment, or trading decisions.
